Bernie Madoff Asks Trump to Reduce His 150-Year Prison Sentence

Jul 25, 2019 - Fortune

Bernard Madoff asked President Donald Trump to shorten his 150-year prison sentence, effectively seeking to finish his life in freedom after running the biggest Ponzi scheme in U.S. history.

Madoff, 81, filed the request with the Justice Department, whose website lists no filing date. He is asking for a reduced sentence rather than a pardon.

Having cost investors some $20 billion in lost principal — and many their life savings — Madoff is dreaming, said Rachel Barkow, faculty dir...